Digital ruble won't change cash circulation, Gosznak says
The introduction of the digital ruble is not expected to significantly alter the structure of cash circulation in Russia in the near future, according to Gosznak. The digital ruble will be available starting September 1 through major banks and will function as a third form of national currency alongside cash and non-cash money.
Consensus
- Gosznak does not expect significant changes in the structure of cash circulation due to the introduction of the digital ruble.
- The digital ruble will be introduced starting September 1.
- The digital ruble is considered a third form of national currency, alongside cash and non-cash money.
- The digital ruble will be stored in electronic wallets on a special infrastructure developed by the Central Bank.
- The rollout will be gradual, beginning with major banks and extending to all credit institutions by September 2028.
Points of divergence
- The Central Bank estimates that the average person's monthly limit of 300,000 rubles for transfers to digital ruble wallets is sufficient. — kommersant
- Transfers from non-cash accounts to digital ruble wallets will be limited to 300,000 rubles per month. — kommersant
- Operations with the digital ruble will be free for Russian citizens. — kommersant
- The digital ruble is a unique digital code stored in electronic wallets. — vesti
Coverage (2 sources)
- Goznak forecasted preservation of cash turnover volumes with digital ruble — Коммерсантъ
- In Gosnack, the impact of the digital ruble on cash circulation is assessed — Вести